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Day trading strategy

Day Trading Strategy

Most examples of the ST Strategy's work were shown on hourly charts as an optimal variant. Using the ST Patterns for Day Trading Strategy and smaller time periods, it’s possible to get more than excellent results!

To demonstrate the flexibility of the ST strategy settings, I showed the EUR/USD pair below on five-minute charts in five working days on January 29 - February 2, 2018.

Fig. 1: Economic calendar of important news, January 29 - February 2, 2018

The degree of importance of data is reflected in economic calendars, which are published by many financial sites, for instance, www.investing.com/economic-calendar/. At the time of important events, it is better to stay out of the market. The examples show the stoppage of trade three hours before the release of important news.

Fig. 2: Pair EUR/USD, M5, January 29, 2018

Fig. 3: Pair EUR/USD, M5, January 29, 2018

Fig. 4: Pair EUR/USD, M5, January 30, 2018

Fig. 5: Pair EUR/USD, M5, January 30 -31, 2018

Fig. 6: Pair EUR/USD, M5, January 31, 2018

Fig. 7: Pair EUR/USD, M5, January 31 - February 1, 2018

Fig. 8: Pair EUR/USD, M5, February 1, 2018

Fig. 9: Pair EUR/USD, M5, February 1-2, 2018

Fig. 10: Pair EUR/USD, M5, February 2, 2018

Fig. 11: Pair EUR/USD, M5, February 2, 2018

It should be noted that different brokers have different quotes. In small timeframes, these differences can occur more often, and fractal levels may not coincide with the values shown in the examples.

RESULT

According to the calculations, after five days (in fact, four days of work), the result was approximately +430% of the initial deposit. As before, I established a possible loss in one transaction equal to 10% of the amount of the trade deposit. If you reduce the possible loss to 3%, then the profit will be approximately +75%. Of the dozens of known and not very popular day trading strategies, I have not seen a single one capable of showing at least some of the results demonstrated by the ST Patterns Strategy. Therefore, it is likely that this system is the best day trading strategy at the moment!

Emotion and Discipline

It should be noted that, in contrast to working on hourly charts for short-term trading, greater reaction speed and concentration of attention is required. The potential for possible profit also increases in such situation. It is also necessary to understand, that a working technical system is a necessary, but not sufficient, condition for obtaining real results. Therefore, emotion and discipline play an important role in the implementation of the trading strategy. In turn, automatic trading systems are not able to take into account all the nuances necessary for successful trading.